Ripple CEO Advocates for XRP ETF

Ripple CEO Advocates for XRP ETF



In a Bloomberg interview on February 20th, Ripple's Chief Executive Officer Brad Garlinghouse voiced his support for the establishment of a fund based on XRP that is traded on exchanges (ETF).



Garlinghouse underscored the significance of investment diversification, drawing parallels between the nascent cryptocurrency sector and the stock market's early days. He proposed that, akin to the stock market where investors diversify their portfolios across various assets rather than concentrating on a single stock, the crypto market is poised for the introduction of more ETFs. This development would enable a wider spread of risk.



He did not delve into details about any ongoing negotiations with issuers concerning an XRP ETF.



The conversation also covered the significant impact of the U.S. Securities & Exchange Commission’s (SEC) g


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Xrp, #XRPETF

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